Mirae Asset Global Investments Co. Ltd. Sells 5,502 Shares of Celestica, Inc. $CLS

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Celestica, Inc. (NYSE:CLSFree Report) (TSE:CLS) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,958 shares of the technology company’s stock after selling 5,502 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Celestica were worth $8,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after purchasing an additional 37 shares during the period. First Horizon Corp bought a new position in shares of Celestica during the 3rd quarter worth about $31,000. Golden State Wealth Management LLC boosted its position in shares of Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Avion Wealth acquired a new stake in shares of Celestica in the 3rd quarter valued at about $40,000. Finally, McIlrath & Eck LLC increased its position in Celestica by 43.3% in the 3rd quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock valued at $45,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

CLS has been the topic of several recent research reports. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. UBS Group upped their target price on Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group lifted their price target on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 price target on shares of Celestica in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Fifteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $345.41.

View Our Latest Report on Celestica

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

Celestica Trading Down 6.3%

NYSE CLS opened at $281.09 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $311.11 and a 200 day simple moving average of $267.31. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The firm has a market capitalization of $32.34 billion, a P/E ratio of 39.15 and a beta of 1.87.

About Celestica

(Free Report)

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

Featured Stories

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.